Huya rises after upbeat Q3 results

HUYA

14/11/2023 13:09

** U.S listed shares of e-sports streaming platform Huya
 HUYA.N  rise 4% to $3.56 after co beats Q3 estimates 
    ** Co reports revenue of 1,648 mln yuan  ($225.96 mln),
beating estimate of 1,539 mln yuan ($211.14 mln)
    ** HUYA also reports a surprise adj profit of 0.42 yuan per
share vs expectations of a loss of 0.25 yuan per share as
operating expenses reduce
    ** However, average monthly active users of HUYA Live in Q3
were flat at 86 mln, compared to last year 
    ** Stock is down 13.4% YTD, as of Monday's close
    
($1 = 7.2890 Chinese yuan renminbi)

 (Reporting by Pranav Kashyap in Bengaluru)